Several Cavotec Board members and Founder shareholders divest 2.4 million shares to increase free float

In light
of the rising demand for the Cavotec share and to undertake constructive steps
towards increasing the free float, certain Board members and Founder shareholders have divested a total of 2.4 million shares in Cavotec, equivalent
to 3.4% of the company.

Cavotec has been
informed that several Board members and Founder shareholders have divested a
total of 2.4 million shares in Cavotec, equivalent to 3.4% of the company. As a
result of the divestment, the selling shareholders have decreased their
aggregate holdings from 57.4% to 54.0% of the company.

The selling
shareholders include Stefan Widegren, Chairman of the Board who has divested
400,000 shares and Ottonel Popesco, CEO who has divested 200,000 shares.
Following the divestment, Stefan Widegren with family continues to hold
7,254,264 shares equivalent to 10.2% of the shares in Cavotec and Ottonel
Popesco with family continues to hold 2,425,264 shares equivalent to 3.4% of
the shares in Cavotec.

"Cavotec has
since long before the listing on NASDAQ OMX Nordic Exchange in Stockholm had a
low share of free float as a result of a high proportion of ownership among
board members and founder shareholders."

"Since the listing on NASDAQ OMX in
Stockholm, Cavotec has registered significant interest among institutions and
private investors to acquire shares in Cavotec. My expectation is that the
divestment will contribute to an increased liquidity in the Cavotec share,” says
the Chairman of the Board of Cavotec, Stefan Widegren.

Cavotec welcomes the
possibility of attaining an increased activity in the Cavotec share as a result
of the increased free float. At the same time, Cavotec notes that the selling
shareholders continue to remain significant shareholders in the company.

ENDS

Cavotec is a leading global engineering group, developing innovative technologies that enable the maritime, airports, mining and tunnelling, and general industry sectors to operate productively and sustainably.

News of further major orders for our Airports unit at Phoenix and Newark airports in the US, and Rome Fiumicino. This announcement follows similar significant projects for Cavotec at airports in Asia and the Middle East reported in January.

Cavotec SA today held its AGM simultaneously at two locations; Stockholm, Sweden and Lugano, Switzerland, with both locations linked via a video-conference system. Stefan Widegren chaired the Annual General Meeting, while the President of the Annual General Meeting was Fabio Cannavale, who was present in Lugano. This press release was first published on the Cavotec investor relations website.